- German Factory Orders jump 8.9% MoM in December vs. 0% expected
Market news
German Factory Orders jump 8.9% MoM in December vs. 0% expected
Germany’s Factory Orders unexpectedly rebounded firmly in December, the official data published by the Federal Statistics Office showed Tuesday, suggesting that the German manufacturing sector recovery has regained momentum.
On a monthly basis, contracts for goods ‘Made in Germany’ jumped 8.9%, as against a 0% reported in November, beating the forecasts of no growth.
Germany’s Industrial Orders rose at an annual rate of 2.7% in the same period versus the previous drop of 4.7%.
FX implications
The upbeat German data is adding to the upside in the Euro, with the EUR/USD pair testing intraday highs near 1.0760. The pair is up 0.17% so far.
Euro price today
The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the US Dollar.
| USD | EUR | GBP | CAD | AUD | JPY | NZD | CHF | |
| USD | -0.15% | -0.18% | -0.26% | -0.55% | -0.13% | -0.33% | -0.13% | |
| EUR | 0.14% | -0.04% | -0.12% | -0.41% | 0.01% | -0.20% | 0.01% | |
| GBP | 0.18% | 0.03% | -0.09% | -0.37% | 0.04% | -0.16% | 0.04% | |
| CAD | 0.25% | 0.15% | 0.08% | -0.29% | 0.13% | -0.08% | 0.13% | |
| AUD | 0.54% | 0.40% | 0.37% | 0.28% | 0.42% | 0.21% | 0.42% | |
| JPY | 0.13% | 0.00% | -0.06% | -0.13% | -0.43% | -0.21% | -0.01% | |
| NZD | 0.34% | 0.18% | 0.16% | 0.07% | -0.21% | 0.21% | 0.20% | |
| CHF | 0.14% | -0.01% | -0.06% | -0.14% | -0.41% | 0.00% | -0.20% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent EUR (base)/JPY (quote).
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer